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2008

Caribbean Catastrophe Risk Insurance Facility receives further industry recognition

December 5, 2008 - London, England, The awards keep pouring in for the CCRIF.

At the Insurance Day London Market Awards 2008 held on December 4, the world’s first and only multi-nation catastrophe risk fund, the Caribbean Catastrophe Risk Insurance Facility, was named Transaction of the Year. This award comes hot on the heels of the CCRIF receiving the honour of Re/Insurance Initiative of the Year at the 2008 Review Worldwide Reinsurance Awards.

Accepting the award on behalf of the facility was Nick Moss from Aon Benfield – the CCRIF’s reinsurance broker.

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CCRIF to Host Workshop on Parametric Insurance and New Product Developments/Modelling

November 4, 2008KINGSTON,The Caribbean Catastrophe Risk Insurance Facility (CCRIF) will host a workshop on parametric insurance and new product developments, as part of the annual Caribbean Conference on Comprehensive Disaster Management, to be held in Barbados from December 8-12, 2008.

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TURKS AND CAICOS GOVERNMENT RECEIVES PAYOUT FROM CARIBBEAN CATASTROPHE RISK INSURANCE FACILITY

September 30, 2008- GRAND TURK, Premier the Hon. Dr. Michael Misick accepted US$6.3 million from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) this afternoon, three weeks after the country was devastated by the impact of Hurricane Ike.  

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Hurricane Ike Triggers CCRIF's First Hurricane Payout

September 9, 2008- GEORGE TOWN, GRAND CAYMAN,The Caribbean Catastrophe Risk Insurance Facility is set to make a payout of approximately US$6.3 million to the government of the Turks and Caicos Isla

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Caribbean Catastrophe Risk Insurance Facility named Re/Insurance Initiative of the Year

London, England, September 4, 2008 -- The world's first and only multi-nation catastrophe risk fund, the Caribbean Catastrophe Risk Insurance Facility (CCRIF), won the Re/Insurance Initiative of the Year award at The Review Worldwide Reinsurance Awards, presented Wednesday night at The Dorchester in London. This is the first award for the 16-month old facility, cementing its reputation as a valuable and innovative form of catastrophe cover on the global stage. Jamaican High Commissioner to the United Kingdom, His Excellency the Honourable Burchell Whiteman O.J.

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CCRIF Member Governments Renew Catastrophe Risk Insurance Coverage for 2008 Hurricane Season

June 11, 2008 - The 16 member countries of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) have renewed their 2008 policies, ensuring that they will continue to have immediate access to liquidity if hit by an earthquake or major hurricane. 

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CARICOM and Caribbean Development Bank representatives appointed to the CCRIF board

April 7, 2008 - The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced the appointment of Isaac Anthony and Dr. Warren Smith to its board today. The new members will represent the interests of CARICOM and the Caribbean Development Bank respectively. "As a Caribbean facility the CCRIF was created to serve the natural catastrophe insurance interests of Caribbean governments and the people they represent.  The approval of these two appointments is another step in the fulfilment of that objective," Milo Pearson, Chairman of the CCRIF Board of Directors said.

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CCRIF Announces Changes for 2008 Renewal

February 21, 2008 - The CCRIF is constantly in dialogue with our government members, taking suggestion on what to include for our 2008 renewal period as well as developing the overall vision for the Facility. The result has been a series of updates the Facility plans to introduce in 2008.

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